| | 2017 | 2016 |
As per 1 January | - | - |
Acquisitions and capital contributions | 2 | - |
Net result for the year | 54 | - |
As per 31 December | 56 | - |
The Fund acquired the shares (100%) of the following subsidiaries:
Bouwinvest Residential Development B.V. redevelops investment properties for Bouwinvest Dutch Institutional Residential Fund N.V.