(Adds background on bids, details on Oxford offer)
Oct 18 (Reuters) - Australian landlord Investa Office Fund (IOF) (IOF) said on Thursday it had been advised by Blackstone Group LP BX.N that the private equity giant would not match Canada's Oxford Properties Group's A$5.60 per share takeover bid.
IOF said it had terminated the Blackstone agreement and had entered into a scheme implementation agreement with Oxford.
Oxford's sweetened offer of A$5.60 a share was A$0.10 higher than Blackstone's latest bid and values Investa at A$3.35 billion ($2.4 billion).
Blackstone was not immediately available for a comment. IOF earlier this week had given Blackstone four days to match Oxford's offer.
($1 = 1.4073 Australian dollars)
