What Is Meli 26 Navigli Martesana?
Meli 26 is 22 Class A4 off-plan homes across 2,700 sqm on Milan’s Naviglio Martesana, developed by Okam Italy with Studio Asti, starting construction Q2 2026 for Q1 2028 handover. Concierge and co-working amenities are included; pricing is on request, so comparisons run against Prandina 34 nearby.
Okam Italy entered the Milan market in 2025 as the Italian arm of Okam Group, targeting underutilised urban sites along canals and former industrial corridors. Meli 26 continues Okam’s Navigli Martesana cluster alongside Prandina 34 and Maciachini Urban Retreat with English-language sales materials for remote foreign buyers.
What Are the Key Facts for Meli 26?
Meli 26 is an Okam Italy scheme on the Naviglio Martesana designed by Paolo Asti of Studio Asti: 22 units across 2,700 sqm of gross floor area, targeting Class A4 energy performance above standard Class A, with construction starting in Q2 2026 and completion in Q1 2028. Pre-sales are off-plan with pricing on request. Its sister scheme, Prandina 34, runs 30 units to Q2 2028 in the same portfolio.
| Factor | Detail |
|---|---|
| Project | Meli 26, Living by the Martesana |
| Developer | Okam Italy |
| Design | Studio Asti (Arch. Paolo Asti) |
| Units | 22 across 2,700 sqm |
| Energy | Class A4 target |
| Start / completion | Q2 2026 / Q1 2028 |
| Pricing | On request |
| Compare | Prandina 34 |
What Should You Know About Location and Area?
The Martesana canal corridor runs east from Milan toward Gorgonzola: 25-35 minutes to Duomo by metro and bus, 45-55 to Malpensa, with the NAMA Martesana amphitheatre and cycle paths walkable. New build here benchmarks at €5,200-6,800 per sqm against €7,000-9,000 on the Darsena: the same canal identity, a third cheaper.
Buyers comparing Meli with northwest schemes trade Cascina Merlata greenfield growth for established canal-adjacent character. Navigli Martesana appeals to tenants who want Milan identity without full Darsena premiums.
| Destination | Typical access |
|---|---|
| Loreto / Buenos Aires | Public transport |
| San Raffaele Turro Hospital | Short drive |
| Milan Duomo | Metro + bus 25 to 35 min |
| Malpensa Airport | 45 to 55 min drive |
What Should You Know About Design and Units?
Class A4 envelopes with heat pumps and high-performance glazing, in two- to four-bedroom typologies plus villa-style units at the top of the range, with private terraces facing landscaped courtyards and shared conciergerie, gym and coworking space. Twenty-two units across 2,700 sqm averages about 120 sqm gross before common areas. Finish tiers follow Okam’s split between investor-grade and owner-occupier packages, so confirm which applies to the unit.
Studio Asti shapes soft forms, generous glazing, terraces oriented to courtyards, and material palettes referencing Milan industrial brick heritage. Class A4 targets exceed standard Class A on primary energy demand, which matters for long-term operating costs and tenant appeal in 2028.
What Should You Know About Investment Case?
Martesana new build benchmarks at €5,200-6,800 per sqm. Furnished two-bedrooms let at €1,400-1,800 a month and three-bedrooms at €2,100-2,700, implying 3.5-4.5% gross once list prices confirm. Delivery in Q1 2028 lands ahead of further public investment along the canal, with off-plan exposure running from the Q2 2026 start.
| Factor | Benchmark |
|---|---|
| Navigli Martesana new build | 5,200 to 6,800 EUR per sqm |
| Two-bed furnished rent | 1,400 to 1,800 EUR monthly |
| Three-bed furnished rent | 2,100 to 2,700 EUR monthly |
| Gross yield band | 3.5 to 4.5 percent |
| Transaction costs | 10 to 12 percent second home |
| Compare Darsena | 7,000 to 9,000 EUR plus per sqm |
Corporate tenants from design, finance, and healthcare sectors dominate qualified applicant pools. Short-stay operators can achieve higher gross revenue but face platform fees, cleaning, and cedolare secca at 21 to 26 percent on gross rent depending on property count.
Meli 26 is a small, high-specification scheme in a corridor that has been repricing for a decade, and the case turns on that corridor rather than on the building. Twenty-two units across 2,700 sqm to Class A4 (above standard Class A) with concierge, gym and coworking, completing Q1 2028 ahead of its sister scheme. Martesana comparables run €5,200-6,800 per sqm, materially below the Darsena end of the canal system, and the corridor draws design and creative-sector tenants rather than tourists. That supports a twelve-month furnished lease at 3.5-4.5% gross with low vacancy rather than a short-let calendar, which matters because new Milan regolamenti increasingly prohibit tourist use. Against that: off-plan exposure from Q2 2026, pricing on request, and a 10-12% transaction stack.
Who Is This For?
Meli 26 typically suits EU professionals targeting Navigli lifestyle on three-bedroom terrace units for 5 plus year holds, US investors comparing Meli Class A4 and Q1 2028 delivery against Prandina 34 at 30 units and Q2 2028, and UK buyers seeking Milan off-plan diversification with Okam institutional cluster exposure between 5,200 and 6,800 EUR per sqm bands in Navigli client files.
- Owner-occupier EU professionals: Milan assignment extending beyond Q1 2028
- Okam cluster investors: Meli versus Prandina unit mix and delivery timing
- Portfolio diversifiers: Navigli anchor alongside completed Lombardy stock
What Should You Know About Pros and Cons?
In favour: Okam Italy’s multi-site record, Class A4 efficiency, delivery in Q1 2028 ahead of Prandina’s Q2, shared amenities, and Studio Asti design consistency supporting 3.5-4.5% gross potential. Against: off-plan exposure from Q2 2026 to Q1 2028, pricing opacity until the official list publishes, direct competition from Prandina 34 running simultaneously, and a 10-12% transaction stack on a second home.
| Factor | Advantage | Trade-off |
|---|---|---|
| Developer | Okam cluster reduces single-project risk | Pricing on request until lists publish |
| Energy | Class A4 lowers operating costs | Off-plan wait to Q1 2028 |
| Delivery | Earlier than Prandina Q2 2028 | Smaller 22-unit scale |
| Amenities | Conciergerie and co-working | Milan STR needs CIN compliance |
| Design | Studio Asti consistency | Competes with sister Okam schemes |
Pros
- Okam Italy track record across multiple Milan sites
- Class A4 efficiency lowers operating costs versus Class C legacy stock
- Q1 2028 delivery precedes continued Martesana public investment
- Shared amenities differentiate rental listings from unrenovated condominiums
Cons
- Off-plan exposure from Q2 2026 start through Q1 2028 handover
- Pricing opacity until official lists publish
- Competition from Prandina 34 and other Navigli schemes launching simultaneously
- Non-resident buyers budget 10 to 12 percent transaction costs above purchase price
What Should Foreign Buyers Verify Before Reserving?
Seven items before a reservation deposit. Okam Italy’s corporate registration and delivery record on its sister Navigli sites; written unit mix and net areas; the building permit for this specific site; compromesso delay penalties against the Q1 2028 target; the payment guarantee and bank escrow arrangement; draft condominium rules on short letting; and whether registration tax falls at 2% or 9%.
| Red flag | What to verify |
|---|---|
| Developer track record | Sister Navigli milestone delivery |
| Permits | Urban planning compliance on site |
| Q1 2028 slip | Delay penalties in compromesso |
| Escrow | Bank guarantee on deposits |
| STR rules | Condominium draft on affitti brevi |
| Tax election | 2 or 9 percent registration path |
- Verify Okam Italy registration and prior Navigli milestone delivery
- Obtain written unit mix, net areas, and cadastral projections
- Review compromesso delay penalties relative to Q1 2028 target
- Cross-read buy property Italy foreigner
- Compare directly with Prandina 34 Navigli
Insider tip: Request net areas and cadastral projections before modeling IMU and rental income. Okam’s two-package finish approach separates investor-grade durability from owner-occupier premium lines.
What Should a Navigli Buyer Check Before Reserving?
Navigli is a conversion market rather than a greenfield one, so foreign buyers are underwriting existing fabric. The recurring findings are conformità gaps between the built layout and the cadastral plan, and a condominium regolamento that forbids the tourist use on which a 4% to 5% gross case usually depends.
| Check | Consequence if skipped |
|---|---|
| Conformità edilizia | The gap transfers to the buyer at the rogito |
| Condominium regolamento on tourist use | Can forbid short lets the comune would allow |
| CIN registration | Required before the unit is advertised for tourist use |
| Canal frontage constraints | Landscape rules limit external alteration |
- Settle all 4 before the caparra; none can be fixed by renegotiating price afterwards.
- If short lets are blocked, model a 12-month furnished lease instead: lower gross, materially lower vacancy.
- Budget IMU, set between 0.86% and 1.06% of cadastral value by the comune annually, plus spese condominiali on converted stock.
Frequently Asked Questions
Meli 26 is a 22-unit Class A4 residential development along Milan's Naviglio Martesana canal. Okam Italy and Studio Asti transform an industrial heritage site into contemporary apartments with terraces, landscaped courtyards, and shared wellness amenities, with delivery targeted for Q1 2028.
Architect Paolo Asti and Studio Asti designed Meli 26, continuing the architectural dialogue Okam Italy uses across Navigli Martesana schemes including Prandina 34. The design emphasizes natural light, fluid forms, and energy-efficient envelopes rated Class A4.
Okam Italy schedules project start in Q2 2026 with buyer handover in Q1 2028. Sales open ahead of groundbreaking, with milestone payments tied to verified construction progress typical of Lombardy off-plan practice.
The 2,700 sqm scheme offers two-, three-, and four-bedroom apartments plus select villa-style units at the top of the range. Shared facilities include conciergerie, fitness area, co-working space, bike storage, and locker rooms.
Yes. EU citizens purchase on equal terms with Italian residents. Non-EU buyers from reciprocity countries can reserve units with a codice fiscale, notary-reviewed compromesso, and standard 10-12% transaction costs on second homes.
Both are Okam Italy Navigli Martesana off-plan schemes designed by Studio Asti with similar amenities. Prandina 34 offers 30 units across 3,500 sqm with Q2 2028 handover and FRIMM construction partnership. Meli 26 is smaller at 22 units with Class A4 rating and Q1 2028 delivery.
The detail behind the summary above:
- Okam Italy developer profile
- Prandina 34 Navigli Martesana
- Milan Navigli area guide
- Milan property investment guide
- checking cadastral and planning history
- Italy property investment guide
Four checks precede a reservation on Martesana off-plan, and they concern the counterparty as much as the building. Identify which entity signs the compromesso: Okam, FRIMM or an SPV, and pull its visura camerale, because the penalty clause binds that company alone. Confirm the fideiussione covers 100% of the caparra rather than a capped share, and note which bank issues it. Check that milestone payments follow certified construction stages with an inspection right rather than calendar dates. And read the condominium regolamento in draft, since new Milan buildings increasingly prohibit tourist letting outright, which removes a strategy before you own the unit. Against Martesana comparables of €5,200-6,800 per sqm and a Q1 2028 handover, those four answers matter more than the finish tier the sales material leads with.
Get an Italy property shortlist
Tell us your budget and region (Tuscany, Lake Como, Puglia, Milan, Sardinia). We reply within one business day with options matched to your goals.