The armed police arrested the 49-year-old in Barnstaple just before 3am this morning (Saturday) after extensive research, and is awaiting interrogation.
Police were called to the area at 6:20 pm Friday night, reports a man who was stabbed several times near the Tesco Extra store on Station Road.
The victim, a man in his late thirties, was confirmed dead at the North Devon District Hospital. Police have not yet confirmed the identity of man
The police has launched a public appeal to help them locate the suspect.
Police have launched a manhunt and a public appeal to help them locate the suspect, with information provided by members of the public who have a direct impact & # 39; in finding it.
Superintendent Mike West said, "We would like to thank the public for their assistance.The information they shared with us had a direct impact in helping agents locate and arrest a suspect in the early hours of Saturday morning
"This investigation is at an early stage and we ask witnesses who may have any information, or anyone who was in the commercial park area before or during the period of the attack, to contact the police on 101 citing the registration number 908 of 3 August. "