CoNiCu/Cu superlattice nanowires have been grown by electrodeposition in nuclear tracketched nanoporous membranes. Transmission electron microscopy (TEM) images show a good layer structure and allow an estimate of the current efficiency. Current perpendicular to plane (CPP) giant magnetoresistance of up to 22%, at ambient temperature, has been measured but appears to be limited by defects, giving rise to ferromagnetic interlayer coupling, at low nonmagnetic layer thicknesses. Magnetic properties of the superlattice nanowires are influenced by in-plane anisotropy and magnetostatic coupling.