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P&G To Invest Nearly $1B In Gillette's South Boston HQ
Procter & Gamble plans to invest nearly $1 billion to develop a new global headquarters and innovation center for Gillette in South Boston. The project involves purchasing 232 A Street, a site previously acquired by Tishman Speyer and Breakthrough Properties for a lab project, which fell through. This investment signifies P&G’s commitment to maintaining Gillette’s presence in Boston, building on its 125-year history in the area, and is part of a broader long-term strategy for its Massachusetts operations.