Smartworks to Acquire Workstudio Spaces, Targeting Double Footprint Growth in Singapore Market
Gurugram, June 25, 2026 - Smartworks Coworking Spaces Limited (Smartworks), India's largest managed office platform by total area under management, announced plans to acquire Workstudio Spaces Pte. Ltd., a Singapore-based flexible workspace provider. The proposed transaction involves the acquisition of Workstudio through Smartworks Space Pte. Ltd., a wholly owned subsidiary.The acquisition is expected to take place in July 2026 and is planned using funds available with the Subsidiary, reflecting a commitment to competitively valued, strategically aligned transactions.
Upon completion of the acquisition, Smartworks' portfolio in Singapore is anticipated to expand significantly. The company expects its presence in the city-state to increase from Workstudio's current operational footprint of approximately 26,000 sq. ft. to an expanded size of roughly 76,000 sq. ft., encompassing four centers and a total seating capacity exceeding 1,500.
This planned expansion is set to more than double Smartworks' existing presence in Singapore over the past two years, reinforcing the company’s commitment to the financial hub.
Neetish Sarda, Founder and Managing Director of Smartworks, commented on the proposed acquisition, stating that "Singapore remains a strategically important market, supported by strong enterprise demand, a clear flight to quality, and structurally healthy operating margins." He added that Workstudio provides access to a high-demand micro-market, diversifying Smartworks' Singapore portfolio and broadening its enterprise client base.
The strategic move is designed to broaden Smartworks' enterprise relationships in Singapore, diversify its presence across key business districts, and strengthen the company’s ability to provide a consistent, enterprise grade managed workspace experience.
Global Footprint of Smartworks
As of March 31, 2026, Smartworks maintained a substantial total footprint spanning approximately 16.1 million sq. ft. across 66 centers located in 15 cities across India and Singapore.Smartworks partners with developers to transform large commercial assets into fully managed enterprise campuses. These campuses integrate workspace design, technology infrastructure, hospitality, and workplace services for enterprises, multinational corporations (MNCs), GCCs, and high-growth businesses.
The company serves mid to large enterprises, boasting over 770 clients. These clientele include Fortune 500 companies, Forbes 2000 names, MNCs, GCCs, and rapidly growing Indian businesses. Smartworks also provides SmartVantage, a solution aimed at GCCs that combines scalable campuses with curated ecosystem partners for legal, compliance, talent, and operational support in India.
SMARTWORKS Stock Price Movement
On Thursday, Smartworks Coworking Spaces Limited shares edged higher to close at ₹489.55 after gaining 2.48%. The stock traded within a day range of ₹475.1 and ₹495, witnessing total traded volume of 181,360 shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.