NEW DELHI – Indian hospital operator Fortis Healthcare is looking to list a real estate investment trust in Singapore in the next six months and is looking at a market value of US$600-$700 million, a company source said.

Fortis, which fell short in a bid for control of Singapore-based Parkway Holdings, has been working on a real estate investment trust (Reit) listing for a year, the executive said, adding that regulatory challenges remain.

'Now we are quite close. A listing will still take 5-6 months,' the official, who did not want to be named, said. — REUTERS