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The buildings at 113-119 Borough Road and 123-132 London Road were commonly known as the Terraces and were built c.1820. The University purchased the buildings along with the former Duke of Clarence pub at 132 London Road in 1997. These buildings were given Grade II listed status in 2000. In 2011 work began on redeveloping the Terraces and pub, with work being done by the Rivington Street Studio (Hawkins/Brown). The buildings reopened as the Clarence Centre for Enterprise and Innovation in Autumn 2013. Awards for the building include: Winner of the RICS 2015 Award for Regeneration, Civic Trust Commendation 2014, New London Awards 2014 Commendation, Highly Commended for the AJ Retrofit Awards 2014, Shortlisted for the RIBA Awards 2014.
The Centre provides office space to small business alongside retail space, event and exhibition space and meeting rooms. The Centre is also home to the University's Enterprise team.