Blackstone says it won’t be lifting its bid for Investa Office Fund. : Oxford Properties has prevailed with its AUD3.35bn (€2.08bn) offer for Investa Office Fund (IOF) following Blackstone’s decision to back out of a long-running bidding war for control of the Australian office landlord. Blackstone told the responsible entity of IOF, Investa Listed Funds Management (ILFML) that it would not be lifting its AUD5.52 per unit bid. The ILFML board said it would now unanimously recommend the Oxford Properties bid to its unitholders.