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The building housing the Montreal Gazette’s old printing press on St-Jacques St. in Nôtre-Dame-de-Grâce was purchased by Montreal-based eStruxture Data Centers, the company announced Wednesday.

The company said it will build a data centre with a power capacity of 30 megawatts, and the $150-million investment will allow the company to pursue growth while providing customers with a world-class infrastructure and unique proximity to downtown Montreal.

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“The conversion of this printing facility is great news for Montreal as well as a compelling demonstration of the city’s transition to the digital economy,” company CEO Todd Coleman said in a statement.

Closed in 2014, the 156,000-square-foot building will be renovated in the coming months, and is expected to open in the spring of 2018. The company will increase the building’s power capacity and add a redundant fibre loop connecting the site to eStruxture’s existing data centre in downtown Montreal.

The company said the former printing plant will become one of the most important data centre facilities in the region.