P&G to invest nearly $1 billion for new Gillette headquarters on Fort Point Channel

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Procter & Gamble plans to invest nearly $1 billion in a new Gillette headquarters in South Boston, opting to build a new facility on a previously sold site rather than leasing existing space. This decision is seen as a significant show of faith in Boston’s economy and will retain Gillette’s presence in the Fort Point neighborhood, complementing the ongoing redevelopment of its larger 31-acre campus. The new nine-story headquarters is expected to begin construction next year.

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