New Delhi: Expanding its international footprint, managed workspaces major Smartworks Coworking Spaces Limited has acquired Singapore-based flexible workspace operator Workstudio Spaces, adding another location to its Singapore portfolio. With this, it now has four centers in the country, with over 76,000 sq ft with a seating capacity of over 1,500 seats.
This acquisition strengthens Smartworks overseas enterprise workspace portfolio, as the company makes its mark in one of Asia’s leading business hubs. With this, it also gains access to over 45 clients through Workstudio Spaces’ operations.
“This acquisition marks an important step in our Singapore journey. Singapore remains a strategic market for us – in just two years, we have more than doubled our footprint here. Workstudio complements our existing portfolio well and strengthens our offering for enterprise clients in the city.” Neetish Sarda, Founder and Managing Director, Smartworks, said in a press release.
The Delhi-based company has been aggressively expanding its portfolio, with its portfolio now crossing 16.1 million sq ft, with centers across India and Singapore. Following its IPO last year, Smartworks has been working to grow its portfolio, with revenues reaching Rs. 5,200 crore by Q4 FY26, and plans to expand further into the ‘managed’ office space.
It counts companies like Google, Bridgestone, Groww and Mahindra Logistics as its leading customers, and is working to expand further into the sector. Leveraging partnerships with developers, the company has transformed large, bare shell real estate into managed, enterprise grade campuses that serve mid-to-large scale enterprises serving more than 770 clients and startups.
