Mumbai: Smartworks Coworking Spaces Limited has announced the proposed acquisition of Workstudio Spaces Pte. Ltd., a Singapore-based flexible workspace provider, through its wholly owned subsidiary, Smartworks Space Pte. Ltd.
According to the company, the proposed transaction is expected to be completed in July 2026, subject to the required approvals.
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Workstudio currently operates an office portfolio of approximately 26,000 sq. ft. with committed occupancy levels.
The company said the acquisition will be funded through resources available with its Singapore subsidiary.
Following completion of the proposed transaction, Smartworks expects its Singapore portfolio to expand to four centres, with a total footprint increasing to approximately 76,000 sq. ft. and seating capacity exceeding 1,500.
According to the company, this would more than double its presence in Singapore over the past two years.
Commenting on the acquisition, Neetish Sarda, Founder and Managing Director, Smartworks, said, “Singapore remains a strategically important market, supported by strong enterprise demand, a clear flight to quality, and structurally healthy operating margins. Our existing centres in Singapore have been profitable over the past two years. Workstudio complements our existing presence by providing access to a high-demand micro-market, diversifying our Singapore portfolio, and broadening our enterprise client base.”
The company said the proposed acquisition is expected to strengthen its enterprise relationships, diversify its presence across key business districts and enhance its managed workspace offerings in Singapore.
As of March 31, 2026, Smartworks had a total managed office footprint of approximately 16.1 million sq. ft. across 66 centres in 15 cities in India and Singapore.
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According to the company, it partners with developers to convert commercial properties into managed enterprise campuses by integrating workspace design, technology infrastructure, hospitality and workplace services for enterprises, global capability centres (GCCs), multinational corporations and high-growth businesses.
