Smartworks Coworking Spaces Limited completed the acquisition of WorkStudio Spaces Pte. Ltd., a Singapore-based flexible workspace provider, on July 6, 2026, for a cash consideration of 2.47 million SGD.
The acquisition was executed through Smartworks Space Pte. Ltd., a wholly owned subsidiary of the company, making WorkStudio a step-down wholly owned subsidiary. WorkStudio, incorporated in Singapore on November 20, 2024, reported a turnover of ₹5.09 crore since inception through March 31, 2026.
With this addition, Smartworks’ Singapore portfolio now spans four operational centres with a combined footprint of approximately 76,000 sq. ft. and seating capacity of over 1,500. The company said the acquisition adds over 45 clients across diverse industry sectors to its Singapore portfolio. The transaction was disclosed as a related party transaction, as an immediate relative of one of the company’s directors holds an interest in the holding company of WorkStudio, though the deal was executed at arm’s length.
Smartworks stated its existing operational capacity utilisation stood at 82 per cent as of March 31, 2026, with a leased capacity of 13.7 million sq. ft. and operational capacity of 10.1 million sq. ft. across 66 centres in 15 cities.
The company’s stock closed at ₹465.75 on NSE on Tuesday, down 1.54 per cent from the previous close of ₹473.05, against a 52-week high of ₹619. Smartworks listed on the exchanges on July 17, 2025.
Published on July 7, 2026
