By Kim Richters

Deutsche Post AG said Tuesday that its DHL Express business will build a new freight building at Munich airport at a cost of 70 million euros ($78.6 million).

DHL Express will plan, construct and operate the new gateway, which will be located on land leased from Airport Munich GmbH, said the German logistics company.

It expects to start using the building before the end of 2022.

Write to Kim Richters at kim.richters@wsj.com