Sept 14 (Reuters) - Investa Office Fund IOF.AX :
* UPDATE ON ACQUISITION PROPOSAL FROM OXFORD PROPERTIES GROUP-IOF.AX
* INTENDS TO ENGAGE WITH OXFORD ON AN EXPEDITED TIMETABLE & EXPECTS TALKS WILL INVOLVE PROVISION OF DUE DILIGENCE INFORMATION
* DIRECTORS CONTINUE TO UNANIMOUSLY RECOMMEND BLACKSTONE PROPOSAL IN ABSENCE OF A SUPERIOR PROPOSAL
* PURSUANT TO SCHEME IMPLEMENTATION AGREEMENT WITH BLACKSTONE, THIS ENGAGEMENT IS AN EXCEPTION TO EXCLUSIVITY OBLIGATIONS
* THERE IS NO CERTAINTY THAT OXFORD INDICATIVE PROPOSAL WILL RESULT IN A BINDING OFFER