Servihabitat, the property services unit of bank La Caixa, has put an office building on Barcelona's main avenue, Gran Via, on the market, Spanish news agency Efe has reported. The company is targeting a sales price of around EUR 20 mln for the property.

The building, located in the city centre, will be converted into a 52-room luxury hotel. Servihabitat acquired it less than a year ago from Spanish developer Grupo Rayet, which was struggling to find financing for the development. Under the new plan, the asset will be operated by hotel operator Selenza.