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Smartworks Coworking Spaces Ltd has announced the proposed acquisition of Singapore-based flexible workspace operator Workstudio Spaces Pte. Ltd to strengthen its presence in the overseas market. The transaction, which will be executed through the company's wholly owned subsidiary Smartworks Space Pte Ltd, is expected to be completed in July 2026. Following the acquisition, Smartworks' portfolio in Singapore will expand to four centres, with a total footprint of 76,000 sq ft and seating capacity exceeding 1,500. The company, which currently operates 66 centres across India and Singapore, said the acquisition aligns with its strategy to expand its flexible office platform.
Smartworks Coworking Spaces Ltd has announced the proposed acquisition of Singapore-based flexible workspace provider Workstudio Spaces Pte. Ltd as part of its strategy to expand its international operations. The company disclosed the proposed transaction in a regulatory filing in the past week, stating that the acquisition will be carried out through its wholly owned subsidiary, Smartworks Space Pte Ltd.
The acquisition is expected to be completed in July 2026, subject to the fulfilment of customary conditions. However, the company has not disclosed the financial consideration or deal value associated with the transaction.
According to the filing, Workstudio Spaces operates a flexible workspace portfolio spanning approximately 26,000 sq ft in Singapore. The acquisition is expected to strengthen Smartworks' presence in the city-state, which has emerged as an important market for flexible office operators serving multinational companies and regional businesses.
Upon completion of the transaction, Smartworks' Singapore portfolio will increase to four operational centres. Its total footprint in the country is expected to expand to around 76,000 sq ft, while aggregate seating capacity will exceed 1,500 workstations.
The acquisition forms part of the company's broader expansion strategy as it continues to scale its managed office and flexible workspace business across domestic and international markets. By strengthening its presence in Singapore, Smartworks aims to broaden its portfolio in a key commercial hub while serving the workspace requirements of enterprise clients operating across the region.
Smartworks currently manages a portfolio of 16.1 million sq ft spread across 66 centres. These facilities are located in 15 cities across India and Singapore, making the company one of the larger managed workspace operators in the region.
The proposed acquisition will add an operational asset to the company's existing platform rather than a greenfield development, enabling it to increase capacity and expand its market presence through an established workspace provider.
The transaction also reflects continued consolidation within the flexible office sector, where operators are pursuing acquisitions and strategic expansion to strengthen their geographic presence and enhance their ability to cater to growing demand for managed office solutions from corporate occupiers.
Following the completion of the acquisition in July, Smartworks is expected to further consolidate its presence in Singapore while continuing to expand its overall flexible workspace portfolio across the markets in which it operates.
Source - PTI
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