| | 2016 | 2015 |
As per 1 January | - | - |
Acquisitions | 1,002 | - |
Net result for the year | 37 | - |
As per 31 December | 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. As at 31 December 2016, The Olympic 1931 and The Olympic 1962 were being redeveloped.