Embassy of the United Kingdom, Reykjavík first British Embassy was Höfði (best known as the location for the 1986 Reykjavík Summit meeting of Ronald Reagan and Mikhail Gorbachev). In the 1950s the Embassy was moved to its current location on Laufásvegur street. In 1968, the British Government bought Laufásvegur 31 and the old farmhouse which was there was donated to the Reykjavik Museum and moved to the heritage site at Árbæjarsafn. When the Embassy was redeveloped in the 1990s, it was decided that the location was too large for Britain's needs and so it looked for another partner to share it with. At the same time
Foreign policy of the Ronald Reagan administration but Reagan recognized the real change in the direction of the Soviet leadership, and shifted to skillful diplomacy to personally push Gorbachev further with his reforms. Reagan sincerely believed that if he could persuade the Soviets to simply look at the prosperous American economy, they too would embrace free markets and a free society. At a speech given at the Berlin Wall on the city's 750th birthday, Reagan pushed Gorbachev further in front of 20,000 onlookers: "General Secretary Gorbachev, if you seek peace, if you seek prosperity for the Soviet Union and Eastern Europe, if you seek liberalization: Come here