Property Week’s digital operation was named the “best of the best” at the “Oscars” for the online publishing world.

The title was named Business Website of the Year at the Association of Online Publishers Awards at London’s Roundhouse.

It beat a strong shortlist of eight, which included the Guardian Teacher Network and Nursing Times, in front of an audience of 800 at the event.

The judges praised Property Week’s combination of commercial success – driven by a move to a “bundled”, paid-for model, similar to that of the Financial Times – and innovation through products such as its in-house iPad Olympics app.

Property Week magazine subscribers can access PropertyWeek.com for free, digital subscribers can access its website, digital edition and tablet app, and “premium” subscribers can access the website, tablet app and magazine.