Realty’s Yousef Tishbi dies
The founder of developer Realty Estates has died at the age of 72 after a two-year illness.
Tishbi arrived in England from Iran in 1979 amid the Iranian Revolution and founded Realty Estates six years later. The company amassed a large portfolio of industrial assets in and around Manchester in the 1990s.
Realty Estates’ head of development Shahram Sakhdari described Tishbi as a “fearless, talented, and tireless businessman”.
He added: “He was extremely ambitious, always challenging the status quo and constantly thinking out of the box.
“His journey in life and business was an incredible one. He was a source of admiration for many Iranians and the story of his life has inspired many people.”
During his career, Tishbi was involved in several high-profile land sales including the disposal of the former Boddington’s Brewery site in Strangeways to Manchester College in 2019 and, the sale of the former BBC site on Oxford Road to Bruntwood in 2015 – which is currently being redeveloped into the £750m Circle Square mixed-use scheme.
More recently, Realty Estates offloaded a development site on Rochdale Road in Manchester to developer Premcor, which plans to create a 229-bedroom hotel.
Yonni Abramson, Tishbi’s son-in-law, described Tishbi as a “dynamic, powerful influence in the property industry”.
“He always thought about things in a different way. He believed you could put a square peg in a round hole. He did things in a disruptive way, but with a twinkle in his eye. People loved doing business with him,” Abramson added.
Tishbi is survived by his wife Jaleh, his three daughters Angela, Natasha and Claudia, and five grandchildren.