Smartworks Adds New Managed Workspace at Singapore’s Manulife Tower; Shares Rise 1.27%

Mumbai, June15: Smartworks Coworking Spaces Ltd has expanded its operations in Singapore with the addition of a new managed office space at Manulife Tower, taking its total footprint in the city-state to over 50,000 sq. ft.

The new centre, spread across more than 15,000 sq. ft., is located in Singapore’s Central Business District and will operate through the company’s wholly owned subsidiary, Smartworks Space Pte Ltd, according to a company press release.

The company said the facility is housed in the LEED Gold and Green Mark Gold-certified Manulife Tower and is designed to cater to enterprises ranging from high-growth startups to Fortune 500 companies and Global Capability Centres (GCCs).

Located near Telok Ayer MRT station and within walking distance of Raffles Place MRT, the workspace offers access to retail, dining and wellness facilities in the surrounding business district.

Commenting on the expansion, Founder and Managing Director Neetish Sarda said Singapore remains a strategic market for the company due to rising demand for fully serviced and flexible office spaces from multinational firms and GCC operators.

The centre will include Smartworks’ managed workspace offerings such as private meeting suites, ergonomic workstations and collaborative work zones.

Stock Market Snapshot

Smartworks share price edged higher after the company announced the Singapore expansion.

As of 10:03 AM IST on June 15, 2026, shares of Smartworks Coworking Spaces Ltd were trading at ₹452.00 on the NSE, up 1.27% from the previous close of ₹446.35.

The stock reaction remained measured, with investors tracking the company’s overseas expansion strategy and growing presence in the managed workspace segment.

The Smartworks share price has been in focus since the company’s listing, particularly as demand for flexible office infrastructure and GCC-focused workspaces continues to grow across major business hubs.

Company Background

Smartworks operates in the managed office and flexible workspace segment, providing customised office infrastructure solutions for enterprises and large corporates.

The company manages an operational portfolio of around 16.1 million sq. ft. across multiple cities in India and Singapore.

Apart from coworking and managed office spaces, Smartworks also offers integrated services including campus management, design, fit-outs and operational support for enterprises.

The company said it recently reported FY26 revenue of ₹1,796 crore, reflecting 31% year-on-year growth, alongside its first full year of reported profitability as a listed company.

Smartworks was also among the first listed flexible workspace operators in India to cross 10 million sq. ft. of operational portfolio.

Conclusion

The latest expansion at Manulife Tower strengthens Smartworks’ position in Singapore’s managed office market and increases its international presence.

With growing demand from GCCs and multinational companies for flexible office solutions, the company appears to be scaling its overseas footprint alongside its domestic growth strategy.

Source:

• https://www.nseindia.com/get-quote/equity/SMARTWORKS/Smartworks-Coworking-Spaces-Limited
• https://nsearchives.nseindia.com/corporate/SMARTWORKS_15062026080532_Intimation_Press_Release_snd.pdf