Dec 3 (Reuters) - Beacon Lighting Group Ltd BLX.AX :
* ANNOUNCES 50% INVOLVEMENT IN ESTABLISHMENT OF BEACON COMMERCIAL PROPERTY FUND & ACQUISITION OF FIRST PROPERTY
* FUND ESTABLISHED TO OWN SEVERAL SUBFUNDS WHICH WILL BE USED TO ACQUIRE PROPERTIES FOR LEASING TO BEACON LIGHTING & OTHER TENANTS
* CONTRIBUTION BY CO TO ESTABLISHMENT OF FUND EXPECTED TO BE IN ORDER OF $3.28 MILLION