Smartworks Coworking Spaces Ltd
Press Release - "Smartworks Completes Acquisition of Singapore-Based Workstudio Spaces"
M&A
▲ Positive Development
LOW RISK
📅 Filed on BSE: 07 Jul 2026, 07:30 AM IST · BSE ID: 31367484-f2a7-49c7-8521-f0201bba551a
View Original BSE Filing (PDF)
💡
In Simple Terms
Smartworks bought Workstudio Spaces in Singapore, adding four new centers, expanding its area to 76,000 sq. ft., and gaining 45+ clients.
🤖 AI Summary
- Smartworks Coworking Spaces completed the acquisition of Singapore-based Workstudio Spaces Pte. Ltd. on July 07, 2026.
- The acquisition expands Smartworks' Singapore portfolio to four operational centers, increasing footprint to ~76,000 sq. ft.
- This adds over 45 clients across diverse industry sectors to the Company’s Singapore portfolio.
- Smartworks' Singapore seating capacity expands to over 1,500 through the addition of Workstudio Spaces.
- The company's Singapore footprint has more than doubled in two years, as stated by management.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Singapore Footprint after Acquisition
~76,000 sq. ft.
Singapore Seating Capacity after Acquisition
over 1,500
New Clients Added in Singapore
over 45
Smartworks Total Footprint as on March 31, 2026
approximately 16.1 million square feet
🏢 How This Affects the Company
The acquisition strengthens Smartworks' presence in Singapore's enterprise workspace market and expands its managed office portfolio. It diversifies the company's Singapore portfolio beyond existing locations and broadens its client base across key business districts.
Smartworks' Singapore portfolio now includes four operational centers, with a total footprint of ~76,000 sq. ft. and a seating capacity of over 1,500. The acquisition brings over 45 new clients to the Singapore portfolio.
👥 What This Means For Shareholders
✅
Action Required
No direct action is required from shareholders based on this acquisition completion.
👤
Who Is Affected
Shareholders of Smartworks Coworking Spaces Limited are affected as the company's operational scope and client base in Singapore have expanded through this acquisition. The overall business growth prospects are altered.
🔍
Management Signal
This completion signals management's intent to strategically expand its international footprint and strengthen its offerings for enterprise clients in key Asian business hubs.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
Smartworks Q2 FY27 results — monitor Singapore segment revenue contribution and growth.
Future expansion announcements in Singapore or other international markets.
Updates on integration of Workstudio Spaces' operations and client retention.
LOW RISK
The filing reports the completion of an acquisition, a planned expansion event.
💡 Investor Takeaway
Smartworks Coworking Spaces completed the acquisition of Workstudio Spaces on July 07, 2026. This expands Smartworks' Singapore footprint to ~76,000 sq. ft. and adds over 45 clients, increasing seating capacity to over 1,500 in Singapore.
⚖️ Strengths & Concerns
✅ Positives
- Expanded Singapore footprint to ~76,000 sq. ft. and over 1,500 seating capacity, doubling its presence in two years.
- Addition of over 45 clients across diverse industry sectors, strengthening its enterprise client base in Singapore.
📅 Company Track Record
Smartworks listed on NSE and BSE on July 17, 2025. It had previously intimated the acquisition of WorkStudio for 2.47 Million SGD on July 07, 2026. Promoters voluntarily purchased 70,742 shares via open market in March 2026.
Based on publicly available historical data. For context only.
❓ Frequently Asked Questions
What acquisition did Smartworks Coworking Spaces Limited complete?
Smartworks Coworking Spaces Limited completed the acquisition of Workstudio Spaces Pte. Ltd., a Singapore-based coworking and flexible workspace provider, through its wholly owned subsidiary.
How much did Smartworks' Singapore footprint expand after the Workstudio acquisition?
With the Workstudio acquisition, Smartworks' Singapore portfolio expanded to ~76,000 sq. ft. with a seating capacity of over 1,500 across four operational centers.
How many new clients did Smartworks gain in Singapore from this acquisition?
The acquisition of Workstudio Spaces brings over 45 clients across diverse industry sectors into Smartworks’ Singapore portfolio.
What is Smartworks' total area under management as of March 31, 2026?
Smartworks' total area under management was approximately 16.1 million square feet across 66 centers in 15 cities across India and Singapore, as on March 31, 2026.
Questions based on this BSE filing only. For information purposes.