The university hopes to create a high-quality teaching and research environment on its campus in New Cross, south London.
The last major construction project undertaken by the university was for the Ben Pimlott visual arts building by Will Alsop, which featured a famous 'squiggle sculpture'.
The current media and communications teaching accommodation is in a number of temporary buildings, located in the north-east corner of the campus, which it hopes will be replaced by a state-of-the-art facility.
The building will comprise edit and production suite, offices, visual-arts studios and general lecture and seminar rooms, totalling 1,600m 2of space.
A spokesperson for Goldsmiths said: 'The college is currently attempting to calculate the amount and type of space needed in the future, but it should be assumed that existing facilities will be replaced for some future expansion.'
The budget for the project is thought to be in the region of £7 million, and the university has been awarded a grant by the Higher Education Funding Council for England.
Goldsmiths will be looking for a general masterplan of the site, which will include the possibility of phasing construction of future accommodation, potentially including a new business school.
It is hoped that a design team will be appointed in the New Year, with construction planned to start towards the end of 2007. The college is aiming to have the building ready for the start of the 2009 academic year.
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