India, June 26 -- Smartworks Coworking Spaces Limited, a managed office space provider, will acquire Workstudio Spaces Pte. Ltd. (Workstudio), a Singapore-based flexible workspace provider with an operational footprint of 26,000 sq ft and healthy committed occupancy levels, through its wholly owned subsidiary, Smartworks Space Pte. Ltd. The transaction is expected to complete in July 2026, subject to requisite approvals.

According to the company, the proposed acquisition will be met through funds available with the subsidiary reflecting its disciplined approach to executing strategically aligned transactions at a competitive valuation.

"Upon completion, Smartworks' Singapore portfolio is expected to expand to four centres, with its foot...