Building has been named the subscription magazine of the year in the business sector.

Marketing manager Socratis Socratous was presented with the award by the Periodical Publishers Association, the magazine industry's umbrella body, last Thursday.

Subscriptions have topped 22,500 for the first time, and renewal rates have averaged 73%, another record.

The judges of the award, which was sponsored by international mailing house Mercury, said: "After 158 years of publication, Building is clearly not resting on its laurels."

Editor Adrian Barrick added: "This is a fantastic award, and I would just like to thank our subscribers for continuing to support us."

  • Building reporter Tom Broughton was shortlisted for young business journalist of the year at the annual Periodical Training Council awards.