This is the top of Northumberland Street/Haymarket looking North West towards Newcastle University and Percy Street. To the left of the picture is the recently redeveloped Haymarket Metro Station.
Newcastle's 'new' co-op was built on Newgate Street in 1932. Although 'art decor' in style, it gave more than a nod to Egypt where Howard Carter's discovery of Tutankhamun's tomb had just taken place. See http://www.timmonet.co.uk/html/newcastle_co-op.htm