Castellan · Services · Powered Shell & Turnkey
Service 03 — Powered Shell & Turnkey

We build it. You lease it. Shell or turnkey.

Castellan develops, builds and owns data centres for AI and high-performance computing, and leases them to you long-term on triple-net terms. Choose a powered shell and fit it out to your own specification, or a turnkey data centre, fully fitted and ready for IT load — you bring only the GPUs.

15–20yr
Long-term triple-net lease
2models
Powered shell or turnkey, on the same lease terms
≤24mo
From signed lease to power
DLC-ready
Air, evaporative & direct-liquid cooling
01
Two delivery models

You decide how far we build before you move in.

Powered Shell. We deliver secured land, grid connection and power, the building shell and the core infrastructure backbone. You fit out the facility to your own specification and install your IT.

Turnkey data centre. We deliver all of the above plus the full fit-out — electrical distribution, cooling including liquid-cooling readiness, and white space — ready for IT load. You bring only the GPUs.

  • 01
    Secured land & power
    Both models. Site tenure, grid connection and contracted power, secured before you sign.
  • 02
    Shell & core backbone
    Both models. A purpose-built shell and the core infrastructure backbone, designed for high-density GPU deployment.
  • 03
    Full fit-out
    Turnkey. Electrical distribution, air, evaporative and direct-liquid cooling, containment and white space — commissioned and ready for IT load.
  • 04
    Which model fits
    Powered Shell suits teams with their own design standards and fit-out capability. Turnkey suits teams that want capacity ready for IT load, without running a construction project.
02
Tenant value · both models

Why tenants lease with Castellan.

01
Power, already secured
No grid-connection queue to inherit. The scarcest input is secured before you sign, drawing on access to more than 5 GW of power through our network.
02
Faster time to power
Up to 24 months from signed lease to power. We compress years of land, permitting and grid work into a lease you can act on now.
03
Predictable cost
Triple-net structure with transparent pass-through of operating costs and defined rent escalators. No development surprises.
04
No development risk
We develop, build and own the facility and carry the siting, permitting and construction risk. Your capital goes into compute, not concrete.
05
Scale on one platform
Grow across phases and sites with one landlord — backed by a pipeline of at least 800 MW by 2032.
06
Neutral Swiss counterparty
A Swiss counterparty with neutral governance and long-term, institutional-grade lease documentation — suited to regulated and public-sector workloads.
03
The lease & who leases

Long-term, triple-net, predictable.

Both delivery models share the same lease structure. We own the facility; you operate your IT and bear power, operating and maintenance costs under a triple-net lease, typically for 15–20 years.

We lease to AI labs, cloud and GPU-cloud operators, hyperscalers and enterprises, including regulated ones — organisations that value secured power, predictable cost and a neutral jurisdiction.

Lease term
15–20 years, with rent escalators
Structure
Triple-net — tenant bears power, operating and maintenance costs
Delivery model
Powered shell (your fit-out) or turnkey (ready for IT load)
Electrical
Redundant topology · built to data-centre standards
Cooling
Air · evaporative · direct-liquid-cooling ready
First availability
Phase I (≥ 50 MW) — Europe or North America · commissioning 2028
04
From enquiry to handover

A clear path — up to 24 months from lease to power.

From first conversation to signed lease typically takes six to nine months; we agree the delivery model — powered shell or turnkey — with you along the way. Because land and power are secured in advance and our reference designs are standardised, power follows in up to 24 months from signing — for both delivery models.

01 · Months 0–1
Indicative discussion
Power need and capacity. Delivery model. Region and jurisdiction. Timeline target.
02 · Months 1–2
NDA & site disclosure
Mutual NDA execution. Site shortlist. Power specs and permits. Tour scheduling.
03 · Months 2–4
Letter of intent
Commercial framework and delivery model. Site selection finalised. Engineering scoping. Exclusivity period.
04 · Months 4–6
Due diligence
Technical site review. Financial review of Castellan. Legal review. Title and permit verification.
05 · Months 6–9
Lease execution
MSA / lease drafting. Negotiation rounds. Internal approvals. Signing and build start.
06 · Signing + up to 24 mo
Build & handover
Powered Shell: shell and backbone handed over for your fit-out. Turnkey: full fit-out and commissioning — ready for IT load.
Castellan · powered land secured
Up to 24 months from signed lease
Europe's legacy hubs · average time to grid connection
7–10 years (Ember, 2025)
Legacy hubs · longest reported grid-connection wait
Up to 13 years (Ember, 2025)

Ready to lease AI-ready capacity?

Tell us your power, density and timeline requirements — and whether you want a powered shell or a turnkey data centre. We will walk you through first-site availability and the wider pipeline.