Pretty in pink... but what is it?

Someone gifted me a couple of these little pick plants. I've put them in a pot with a black elder and they seem happy enough. But what are they and how big will they become?

 

It is a tropical shrub.

Iresine herbstii......common name beef steak plant.

Iresine herbstii - Google Search

 

Iresine herbstii, could make 2ft this year.
Not hardy and needs warmish conditions over winter.
I usually take cuttings in late august to overwinter.

 

Thanks silver surfer and Pete for your quick responses!

So, next question from an absolute beginner... how big should the cuttings be and how do I 'store' them over winter? I really like this plant and would like it to stick around next year.

 

I usually take a tip cutting about 3ins long, cut below a node.
You can root at the edge of a pot or start them off in water, potting up when roots are just showing.
You can leave it until september but the longer you leave it the slower they root.

The idea is to have a reasonably small plant to overwinter, but well rooted.

A window sill overwinter will do, they tend to rot off in my frost free greenhouse, not really warm enough.

 

Thanks Pete, I'll do this. Great that I'll get some winter colour in the flat (I'm a balcony gardener so no space for a greenhouse) and these in the outdoor pots again next year.

 

Bearing in mind what you are saying about wanting winter colour in doors.
Lots of people grow it purely as a house plant, so three cuttings set around and three inch pot to root.
Once rooted move up to a 5 inch pot.
That way you get a nice bushy house plant.
You can do that any time.