Wellcome Trust bids for Olympic Park

Wellcome Trust, the independent foundation supporting research in improving healthcare, is considering buying London's Olympic Park, boosting hopes for a science and technology centre in east London.

The organisation said: "The Wellcome Trust has been shortlisted by the Olympic Delivery Authority to submit a proposal for the purchase and long term management of the residential properties known as the Athletes' Village.

"In exploring this opportunity further, we are giving detailed consideration as to how we may also become investors in the wider Olympic Park and optimise the legacy of the Olympics. To this end we are currently meeting with a broad range of stakeholders to explore this opportunity further," it added.