| | 2019 | 2018 |
As per 1 January | 1,183 | 1,245 |
Acquisitions | 5 | 7,000 |
Dividends received | - | (242) |
Net result for the year | 540 | (6,820) |
As per 31 December | 1,728 | 1,183 |
The Fund acquired the shares (100%) of the following subsidiaries:
Bouwinvest Retail Development B.V., Amsterdam
Bouwinvest Dutch Institutional Retail Fund Services B.V., Amsterdam
Bouwinvest Retail Development B.V. redevelops investment properties for Bouwinvest Dutch Institutional Retail Fund N.V.
Bouwinvest Dutch Institutional Retail Fund Services B.V. renders services that are ancillary to renting activities of the Fund.