Seven plans $120m move

Pacific Magazines also will move to the new facility to be built at the Australian Technology Park, in the inner-west Sydney suburb.

New South Wales Premier Morris Iemma today announced the Redfern-Waterloo Authority had signed a heads of agreement with Sydney Broadcast Property - a joint venture between Rebel Property Group and Seven Network Ltd.

The media production centre will be used to produce a range of Channel Seven programs, including Home and Away and All Saints.

Mr Iemma said the project would generate more than 600 construction jobs and potentially bring more than 2,000 permanent jobs to Redfern.

"This is a signpost deal that will put Redfern on Sydney's commercial and media map, and provide a significant long-term boost to the New South Wales television and film industry,'' he said.

Work on the construction of the centre will commence by the end of the year, with completion scheduled for the end of 2008.

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