Smartworks Coworking Spaces Limited, India’s largest managed office platform by total area under management, has announced its proposed acquisition of Workstudio Spaces Pte. Ltd, a Singapore-based flexible workspace provider with an operational footprint of ~26,000 sq. ft. and healthy committed occupancy levels, through its wholly owned subsidiary, Smartworks Space Pte. Ltd. The transaction is expected to be completed in July 2026, subject to requisite approval(s).

The proposed acquisition will be met through funds available with the Subsidiary reflecting its disciplined approach to executing strategically aligned transactions at a competitive valuation.

Upon completion, Smartworks’ Singapore portfolio is expected to expand to four centres, with its footprint increasing to ~76,000 sq. ft. and total seating capacity exceeding 1,500. This will more than double the Company’s presence in Singapore over the last two years, reinforcing its long-term commitment to one of Asia’s leading business and financial hubs.

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 proposed acquisition is expected to broaden Smartworks’ enterprise relationships in Singapore, diversify its presence across key business districts, and further strengthen its ability to deliver a consistent, enterprise-grade managed workspace experience across the market.

As of March 31, 2026, Smartworks has a total footprint of ~16.1 million sq. ft. across 66 centres in 15 cities in India and Singapore. The Company partners with developers to transform large commercial assets into fully managed enterprise campuses, integrating workspace design, technology infrastructure, hospitality, and workplace services for enterprises, GCCs, multinational corporations, and high-growth businesses.