International courier and delivery company, DHL, has announced that it will be opening a new air freight hub in Copenhagen. The hub building will be located at Copenhagen Airport.

DHL Express is rumoured to invest DKK1bn (£120m) to the new building, which is set to be completed by 2023.

The hub is estimated to be able to handle five times as many packages as the building currently handles today, as well as including offices for administrative purposes.

“Our international hubs are the backbone of our global network which connects businesses from all industries and private customers alike, and enables them to benefit from the ongoing e-commerce growth.” John Pearson, Global CEO of DHL Express.

Due to the logistics and geographical location of the Copenhagen hub, it is believed that planes will reach their direct destinations more efficiently without the need of stopping or changing flight routes.