| | 2017 | 2016 |
As per 1 January | 1,039 | - |
Acquisitions and capital contributions | 5,000 | 1,002 |
Net result for the year | 477 | 37 |
As per 31 December | 6,516 | 1,039 |
The Fund acquired the shares (100%) of the following subsidiaries:
Bouwinvest Office Development B.V., Amsterdam
Bouwinvest Dutch Institutional Office Fund Services B.V., Amsterdam
Bouwinvest Office Development B.V. redevelops investment properties for Bouwinvest Dutch Institutional Office Fund N.V. Bouwinvest Dutch Institutional Office Fund Services B.V. renders services that are ancillary to renting activities of the Fund.