A 26-year-old man has now been charged with the murder of Chad Parekura, 25, in Don Street on Saturday morning (23 April).

Police made the arrest following search warrants at two Invercargill properties this morning.

He is due to appear in the Invercargill District Court tomorrow.

He also faces a charge of attempts to murder in relation to the second victim, 22, who remains in hospital in a stable condition. 

Police are not looking for any other suspects directly involved in the incident.

"While today's arrest will not take away from the loss experienced by Chad's family or the distress caused to our second victim, we are pleased to be in a position where we can hold the alleged offender accountable," says Detective Senior Sergeant Greg Baird.

"We would like thank the Police staff, including those who travelled into our area to help, for their tireless efforts since early Saturday morning."

"The investigation team is working through the information and this continues to help us build a clear picture of exactly what happened," Baird said.

Police are continuing to ask for information from the public in relation to this incident, including any CCTV or dash camera footage. Police can be contacted on 105 and quote file number 220423/7854 or information can also be provided anonymously via Crime Stoppers on 0800 555 111.

A GiveALittle page has been set up for Parekura's whanau.