Smartworks Coworking Spaces is expanding its international footprint with a planned acquisition of Singapore-based Workstudio Spaces Pte. Ltd., a move that will deepen its presence in one of its key overseas markets, according to Realty+.
The deal is expected to close in July 2026, pending regulatory approvals, and will be carried out through Smartworks’ wholly owned subsidiary, Smartworks Space Pte. Ltd. It will be funded using internal resources, in line with the company’s approach to controlled, value-focused expansion.
Singapore Expansion More Than Doubles Footprint
Once completed, the acquisition will increase Smartworks’ Singapore portfolio from three centers to four and expand its total space in the city-state to nearly 76,000 square feet, with capacity for more than 1,500 seats.
The company said this would more than double its Singapore presence within two years and strengthen its position in a market driven by enterprise demand for managed office space.
Workstudio currently operates about 26,000 square feet of workspace with high occupancy levels, adding an established tenant base in a prime business location.
Focus on Enterprise Clients and Premium Markets
Smartworks said the acquisition supports its strategy of building deeper relationships with enterprise customers, including multinational companies, global capability centers, and high-growth firms.
The company noted that its existing Singapore centers have remained profitable over the past two years, and it expects the addition of Workstudio to further strengthen performance in the region.
Part of a Larger International Growth Plan
Smartworks manages about 16.1 million square feet of office space across 66 centers in 15 cities in India and Singapore.
The latest acquisition continues its push to expand beyond India while scaling its managed workspace model in high-demand international markets.
