07/22/2012 09:58 EDT | Updated 09/21/2012 05:12 EDT

London Olympic Stadium shortlisted for prestigious British architecture prize

LONDON - The London Olympic Stadium has been shortlisted for a prestigious British architecture award.

The 80,000-seat stadium will compete with five other new buildings for the Royal Institute of British Architects' 20,000 pound (US$31,240) Stirling Prize.

The institute praised the building's "simple and elegant detailing," its sustainable design, and the way it provides "a surprisingly intimate relationship with the events" for spectators.

The other shortlisted buildings include the Sainsbury Laboratory in Cambridge, a cancer care centre in Glasgow, Scotland, and the Lyric Theater in Belfast, Northern Ireland.

The prize is for projects built or designed in Britain. Previous winners include the "Gherkin" or 30 St Mary Axe in London's financial district, the Scottish parliament building and the Madrid Barajas Airport in Spain.

The winner will be announced in October.