GE Will Bring Headquarters to Boston’s Fort Point Channel

The company has officially announced where it's going to set up shop.

The General Electric plant in Belfort, eastern France. (AP Photo/Thibault Camus, File)

Photo by Thibault Camus/ AP

General Electric announced on Thursday that it will officially bring its new headquarters to Boston’s Fort Point Channel neighborhood. A South Boston waterfront office campus had been rumored since the initial announcement that the company was coming to Boston.

According to the Boston Globe, the company is set to be neighbors with Gillette after purchasing a parcel of land on Necco Way from Procter & Gamble. The location currently includes a pair of old buildings as well as a parking lot and is situated on P&G’s Gillette campus.

The headquarters will be built next to the two older buildings and GE is expected to move in by 2018.

“This centrally-located property presents an excellent opportunity to enhance the Seaport District and the surrounding community,” GE vice president Ann Klee said in a statement. “We look forward to bringing our headquarters to South Boston.”

GE announced in January that it would be moving its global headquarters from Fairfield, Connecticut to Boston. Massachusetts will give the company $120 million in incentives to relocate to the city, while Boston will chip in an additional $25 million.

The state and city both played a big role in luring the company to the Hub, but attempts to check out correspondence between City Hall and GE about the deal have been met with a hefty public records price tag.