The ArcelorMittal Orbit has been named the best unusual venue in London.

Despite recent revelations that the structure in Stratford’s Olympic Park was losing money, the Orbit won in the best unusual or unique venue - up to 200 attendees category at the first London Venue Awards.

Also online: Stratford’s Orbit tower lost £10,000 a week

The venue was also highly commended in the best new event space category.

Head of hospitality at the ArcelorMittal Orbit Mark Emmerson said: “We are delighted to win these two prestigious accolades – they are a wonderful recognition of our unique venue and our team’s dedication to delivering excellent events.

“We have had a fantastic 18 months since the ArcelorMittal Orbit reopened as a visitor attraction and events space. We have hosted a wide range of events including press conferences, product launches, weddings, parties with international DJs, business breakfasts and dinners, receptions and networking events to name a few. We are looking forward to a busy and successful Christmas and 2016.”

The ArcelorMittal Orbit has two viewing platforms are 76m and 80m above the city and can host 250 guests standing and 180 seated.

Construction on a giant slide that will wrap around the structure will start in spring 2016.

The Orbit opened to the public in April 2004. Its first year financial accounts, published by the London Legacy Development Corporation, showed that despite being expected to generate £1.2million in 2014-15 the Orbit actually lost £520,000, falling short of expectations by £1.7m.