Ringwood has become an important business location as evidenced by recent developments. The development is in close proximity to the recent office projects at 45-51 Ringwood Street, RIngwood and "Oak Tree Plaza" at 2 Nelson Street, Ringwood. The development is located around the corner from Eastland Shopping Centre. The imminent opening of the Eastern Freeway extension makes the area readily accessible to greater Melbourne.

Banksia Business Park will comprise a two-storey office building. The development consists of 17 separately titled suites, providing prestigious accommodation for small businesses.

Construction of the development is scheduled to commence September 2007 with completion April 2008.

The property is located on Maroondah Hwy, near the corner of the Eastlink. Main road sites, such as this are extremely difficult to obtain.