Smartworks Acquires WorkStudio for S$2.47M, Doubles Singapore Presence
By ThePip Desk
Smartworks Coworking Spaces Ltd acquires WorkStudio Spaces Pte. Ltd for S$2.47M, doubling its flex space footprint in Singapore to four centers and approximately 76,000 sq. ft.
Smartworks Coworking Spaces Ltd just dropped S$2.47 million to acquire WorkStudio Spaces Pte. Ltd, a bold move that instantly doubles its flex space footprint in Singapore.
What Happened?
The deal, finalized on July 6, 2026, makes WorkStudio a step-down subsidiary of Smartworks through its wholly-owned unit, Smartworks Space Pte. Ltd.
This strategic acquisition expands Smartworks’ portfolio to four centers in Singapore, now totaling approximately 76,000 sq. ft.
WorkStudio, incorporated in Singapore on November 20, 2024, reported a turnover of INR 5.09 Crores from its inception until March 31, 2026, specializing in flexible workspace solutions.
While an immediate relative of a director held an interest in WorkStudio’s holding company, the transaction was conducted at arm’s length and required no governmental approvals.
Why It Matters
This acquisition is a major play for Smartworks, effectively more than doubling its regional presence in Singapore over the past two years and signalling aggressive growth in the Asia market.
For young investors, this indicates strong confidence in the booming flexible workspace sector, especially as companies continue to adapt to hybrid work models.
The move positions Smartworks to better serve enterprise clients, a key segment seeking adaptable office solutions, potentially driving long-term revenue growth.
It highlights a trend where established players are consolidating the fragmented flex space market, seeking scale and efficiency.
What to Watch Next
Keep an eye on Smartworks’ financial reports for how this acquisition impacts its overall Asia growth strategy and profitability metrics in the coming quarters.
Future acquisitions or partnerships in other Asian markets could follow, as Smartworks aims for broader regional expansion beyond Singapore.
Observe the performance of the combined entity in Singapore; success here could set a precedent for further consolidation within the flexible workspace industry.