Smartworks acquires Singapore coworking firm WorkStudio Spaces

Smartworks will fully acquire WorkStudio Spaces Pte. Ltd., a Singapore flex space provider, through its wholly owned subsidiary, making it a step-down subsidiary. It is a related party transaction since a promoter-Director's immediate relative has interest in the target's holding company, but done at arm's length. WorkStudio turnover since incorporation to March 2026 was about INR 5.09 crore. The deal grows Smartworks' Singapore portfolio to 4 centres covering around 76,000 sq ft, more than doubling its footprint. Expected to close by July 2026.