Smartworks Acquires Singapore Step-Down Subsidiary

Smartworks Coworking Spaces Ltd announced the approval of its Audit Committee and Board of Directors for the acquisition of WorkStudio Spaces Pte. Ltd., Singapore. The acquisition will be executed by Smartworks Space Pte. Ltd., a wholly-owned subsidiary. This move aims to bolster Smartworks' presence in Singapore, expanding its coworking and flex space portfolio to four centers with approximately 76,000 sq. ft. The transaction is expected to be completed by July 2026 and is being conducted on an arm's length basis, despite a related party interest. This expansion is anticipated to enhance market presence, improve enterprise client service, and support long-term growth in Asia.