Smartworks has completed the acquisition of Singapore-based Workstudio Spaces, expanding its managed workspace portfolio in the city to over 76,000 square feet across four centres. The deal adds more than 45 enterprise clients and over 1,500 seats, strengthening the company’s position in Singapore’s growing flexible workspace market.
Smartworks Coworking Spaces Limited has strengthened its international growth strategy by completing the acquisition of Singapore-based Workstudio Spaces Pte. Ltd. through its wholly owned subsidiary, Smartworks Space Pte. Ltd. The move significantly expands the company’s presence in one of Asia’s leading commercial real estate markets, reinforcing its focus on serving enterprise clients with premium managed office solutions. As demand for flexible workspaces continues to rise across Singapore, the acquisition gives Smartworks a larger operational footprint and access to a broader corporate customer base.
Singapore Portfolio Grows with Four Operational Centres
Following the acquisition, Smartworks now operates four managed workspace centres in Singapore, covering approximately 76,000 square feet and seating more than 1,500 professionals. The transaction also brings over 45 clients from multiple industries into the company’s portfolio, strengthening its position in the city’s enterprise workspace segment.
Commenting on the milestone, Neetish Sarda, Founder and Managing Director of Smartworks, said, “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.”
The acquisition reflects Smartworks’ strategy of expanding through high-quality workspace assets in key international business hubs while enhancing its ability to serve multinational occupiers.
Enterprise Demand Continues to Drive Flexible Workspaces
Singapore has emerged as one of the strongest flexible office markets in Asia, supported by multinational corporations seeking agility, premium locations, and scalable workplace solutions. Smartworks believes this demand will continue to create long-term opportunities for managed office operators.
Highlighting the changing workplace landscape, Soroush Ostovari, Sales Director in Singapore, said, “It’s an exciting time to be part of Singapore’s flexible workspace story. Over the past few years, we’ve seen a clear shift in how enterprises think about their workplace – flex space is mainstream and gradually becoming a deliberate choice for organisations that want quality, speed, and the ability to scale.”
He further added, “Demand across Singapore’s CBD has only grown stronger, and that momentum shows no signs of slowing.” According to Ostovari, joining Smartworks provides the operational expertise and scale needed to better serve enterprise demand.
Strategic Location Enhances Market Reach
A key advantage of the acquisition is Workstudio’s strategic location, which is expected to benefit further from the upcoming Prince Edward MRT station, improving accessibility for businesses and employees. The addition also diversifies Smartworks’ presence beyond its existing centres, allowing the company to reach a wider range of enterprise occupiers across Singapore’s major business districts.
The expanded network positions Smartworks to better support organisations looking for flexible office solutions in prime commercial locations, while also strengthening its competitive position in the city’s fast-growing managed workspace sector.
A Stronger International Growth Strategy
The acquisition highlights Smartworks’ ambition to build a stronger international presence beyond India by investing in high-demand office markets. With a larger portfolio, an expanded client base, and increasing enterprise demand for flexible workplaces, the company is well-positioned to capitalise on evolving workplace trends.
As businesses continue embracing hybrid work models and managed office solutions, Smartworks’ latest expansion demonstrates how strategic acquisitions can accelerate growth while creating greater value for enterprise customers. The successful integration of Workstudio marks another milestone in the company’s long-term vision of becoming a leading managed workspace provider across key global business destinations.
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