Smartworks completes acquisition of WorkStudio Spaces in Singapore

Listed Co AcquisitionStrategic Transactions View source PDF

SMARTWORKS · price

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-5.5%1-day move

₹476.00

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₹481.95

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AI summary

Smartworks Coworking Spaces has completed the acquisition of WorkStudio Spaces Pte. Ltd., a Singapore-based flex workspace provider, on July 6, 2026. The deal was done through its wholly-owned subsidiary Smartworks Space Pte. Ltd. for 2.47 Million SGD in cash, acquiring 100% stake. WorkStudio is now a step-down wholly-owned subsidiary. This expands Smartworks Singapore portfolio to four centers covering about 76,000 sq ft, more than doubling its footprint in the region.

Likely market impact

Strengthens international presence in Singapore; doubles flex space footprint there. Modest deal size relative to overall business.