From Bangkok Free Trade Zone to Bangpakong Industrial Estate

Prospect Development Expands into a New Chapter, Reinforcing Its Role as a Leader in Industrial Property

Economic challenges, evolving consumer behavior, and the ongoing transformation of industries, manufacturing, and logistics sectors have compelled businesses to continuously reinvent themselves and create a new S-Curve. One company that exemplifies this adaptive spirit is Prospect Development Co., Ltd. (PD), the leading player in Thailand’s industrial property sector and the No.1 developer of Thailand's Free Zone spaces.

Far from being a newcomer, PD has been a seasoned player in the industry for more than 15 years, with extensive expertise in developing and managing warehouse and factory rental projects. Staying true to its vision of relentless growth, the company has consistently expanded its flagship initiative, Bangkok Free Trade Zone (BFTZ), now covering 9 projects across three strategic location.

The company is spreading its wings into a new frontier- Bangpakong Industrial Estate, strategically located in Chonburi’s Eastern Economic Corridor (EEC). Designed to support seven of Thailand’s targeted industries, this project aims to elevate the strength of the industrial ecosystem, ensuring a fully integrated platform that meets both current demands and future opportunities.

Inside Free Zone : Why It Wins the Hearts of Entrepreneurs

When it comes to warehouse and factory projects within Free Zones, Bangkok Free Trade Zone is consistently among the first names that come to mind. Yet, becoming a true Top of Mind choice for entrepreneurs has been no easy feat.

Backed by more than 15 years of experience, Prospect Development (PD) has built a proven playbook shaped by deep insights into the unique needs of businesses across industries. These insights have laid the foundation for PD’s ability to design and adapt its facilities to meet customer demands with precision.

Adding to this is the strategic advantage of operating within a Free Zone, where tenants benefit from tax savings on imports and exports, reducing operational costs and enhancing global competitiveness. Beyond infrastructure, PD’s one stop service department offers end-to-end support — from consultation to license applications — ensuring both local and international clients can operate with full confidence.

This holistic approach has allowed PD to deliver more than just buildings space: it provides high-potential spaces of opportunity, empowering businesses to grow sustainably over the long term. Today, PD’s projects collectively cover more than 1 million square meters of leasable space, a testament to its enduring role as a trusted partner in Thailand’s industrial real estate landscape.

Ms. Rachanee Mahatdetkul, Managing Director of Prospect Development Co., Ltd.

A Growth Journey Driven by Insight and Trust

Ms. Rachanee Mahatdetkul, Managing Director of Prospect Development Co., Ltd., shared insights on the company’s growth journey;

“Today, our Free Zone portfolio covers more than 500,000 square meters — one of our key strengths. Along the way, our learning curve has centered on continuously improving both our projects and our people. We set clear goals: to design buildings that truly match the diverse needs of each industry, and to accurately anticipate whether an operator would benefit more from a Free Zone or a General Zone. Not every business is suited for Free Zone privileges, and understanding this distinction has become part of the unique know-how embedded in our PD team.”

This depth of expertise has translated into strong customer confidence. Clients trust that PD’s spaces deliver real benefits, resulting in consistently high renewal rates. Some tenants have remained for more than a decade, while also expanding their leased areas over time.

The success of PD’s first project laid the foundation for further expansion into strategic locations — from neighboring sites to entirely new zones with strong industrial potential, such as Wang Noi and Bang Pakong. Today, PD proudly serves more than 300 leading companies across its projects, reinforcing its role as a trusted partner in Thailand’s industrial real estate landscape.

Expanding into New Strategic Frontiers: BFTZ4 Bangpakong and Bangpakong Industrial Estate

For Prospect Development Co., Ltd. (PD), the formula for success has always been clear: the right building formats, prime locations, and comprehensive services and incentives. This solid foundation has enabled PD to expand quickly, with proven results from new projects in familiar strongholds across Samut Prakan, including BFTZ 2 Thepharak, BFTZ 3 Bangna-Trad Km.19, BFTZ 6 Bangna-Trad Km.19 (Phase 1), and BFTZ 7 Bangna-Trad Km.10, all achieving average occupancy rates above 95%.

From its Bangna-Trad base in Samut Prakan, PD is now setting its sights on a new milestone: BFTZ 4 Bangpakong and the Bangpakong Industrial Estate. Both projects are located in strategic corridors of Thailand’s Eastern region, surrounded by critical infrastructure networks — the Motorway, Laem Chabang Port, and Suvarnabhumi Airport — offering unmatched connectivity for manufacturers and logistics operators targeting both domestic and international markets.

Unlocking the Potential of Bangpakong Industrial Estate

Situated on Bangna-Trad Km.53 in Chachoengsao province, BFTZ 4 Bangpakong spans 190,000 square meters of leasable space in a designated purple-zone industrial area. The project offers flexible options for both Free Zone and General Zone tenants. To date, approximately 130,000 square meters of construction has been completed, ready to accommodate a wide range of industries — from manufacturing, agriculture and food, consumer goods, and services, to electronic component production. This flexibility makes BFTZ 4 equally suited for factories and distribution centers.

Just a short distance away lies the Bangpakong Industrial Estate, PD’s latest venture developed under a joint operation agreement signed with the Industrial Estate Authority of Thailand (IEAT) in August 2025. Covering roughly 1,000 rai (160 hectares) on Bangna-Trad Km.55 in Chonburi, the estate is designed to meet the rising demand from targeted industries within the Eastern Economic Corridor (EEC).

The project’s location is highly strategic: only 300 meters from Bangna-Trad Road, about 53.6 km from Suvarnabhumi Airport, 54.5 km from Laem Chabang Port, and 104 km from Map Ta Phut Port. Of the total land area, 680 rai will be allocated for sale, with the estate expected to be operational by 2027.

The name “Bangpakong Industrial Estate” derives from the nearby Bangpakong River, a vital waterway in Eastern Thailand, symbolizing its unique geographic identity and its role as an industrial landmark. Strategically positioned at Kilometer Zero of Chonburi province, right on the Bangpakong River where Chonburi meets Chachoengsao, the estate enjoys a location of unparalleled connectivity. This unique setting places investors at the gateway between Bangkok and the Eastern Seaboard’s industrial corridors, offering a powerful logistical edge that ensures seamless access to key domestic and international markets.

Toward a Sustainable Industrial Future

Ms. Ratchanee Mahatdetkul, Managing Director of PD ‘s conclusion:

“The development of the Bangpakong Industrial Estate reflects both our clear growth trajectory and our expertise in industrial land development. We are committed to driving Thailand’s industrial sector forward sustainably — attracting both local and foreign investment, creating employment opportunities, and powering long-term economic growth. Importantly, the estate is designed to support Thailand’s seven targeted industries, including New S-Curve sectors such as data centers and cloud technologies. Developed under the eco-industrial estate concept, the project emphasizes resource efficiency, sustainable environmental management, and balanced coexistence with local communities.”

With these bold expansions, PD is not only reinforcing its leadership in Thailand’s Free Zone and industrial property sector but also setting a new standard for sustainable and future-ready industrial development.