La Caisse Provides CAD 240M Senior Financing for Cologix MTL8 Data Center in Montréal
La Caisse has committed CAD 240 million in senior financing to advance Cologix's MTL8 data center development in Montréal, the Quebec pension fund manager announced March 4, 2026. The financing supports the construction and advancement of a facility at 7350 Rue Frederick Banting in the Technoparc Montréal submarket of Saint-Laurent, Quebec.
Deal Structure and Financing Terms
La Caisse — formally known as the Caisse de dépôt et placement du Québec — is acting as lead lender on the transaction, providing the full CAD 240 million in senior debt. The financing is structured as a debt placement to advance the development of the MTL8 facility. No transaction price, cap rate, loan term, or interest rate was disclosed in the announcement.
Cologix, a colocation and interconnection provider, is the borrower and project sponsor.
Property Details: Cologix MTL8 Data Center
The MTL8 facility is situated within Technoparc Montréal, a submarket in the Saint-Laurent borough. The property is designed to support artificial intelligence and high-performance computing workloads.
The data center draws more than 99% of its power from Hydro-Québec's renewable hydroelectric grid. No leasing, occupancy, square footage, or cap rate data for the MTL8 facility was disclosed as part of the financing announcement.
Strategic Context
The investment reflects La Caisse's stated mandate to support economic development within Quebec while generating returns for its depositors, which include public sector pension and insurance plans.
No additional financial or operational details regarding the transaction were disclosed in the announcement.