Resolüt Partners and PDLegal advised Smartworks Group on its acquisition of Workstudio Spaces.
Smartworks Group, through its wholly owned Singapore subsidiary Smartworks Space Pte. Ltd., acquired 100% of the shares in Workstudio Spaces Pte. Ltd. By way of an all-cash share purchase with an equity value of S$2.47 million.
Following completion, Workstudio has become a wholly owned subsidiary of Smartworks Space. The acquisition adds approximately 26,000 sq. Ft. Of premium managed office space at 78 Shenton Way in Singapore’s Central Business District, expanding Smartworks Space’s portfolio to four centres spanning approximately 76,000 sq. Ft. And strengthening its presence in Singapore’s premium flexible workspace market.
Resolüt Partners advised Smartworks Group on the acquisition.
The deal team comprised Hrishikesh Anand and Prashant Khurana.
PDLegal acted as Singapore legal counsel to Smartworks Space Pte. Ltd. On the transaction.
The team was led by Group Managing Partner Peter Doraisamy, with support from Counsels T Dinesh and Pranav Kamnani, and Legal Associate Ben Lim.
The deal reporting on this platform is based on the information received from law firms, and therefore, some details may be missing/incomplete. If your firm has not been credited for this deal, write to us at chanchal.makhija@thegreymatter.co.in mentioning your firm’s name, lawyers involved (including designation) and client represented.
