Just answered my own question: The destination storage has to be available in the vCenter. So I will at least need a destination edition that supports being added to the vCenter (standard).
But that raises another question:
In vReplication I can specify the destination to be a whole other vCenter. My question is this: Does vReplication support vCenter Foundation as a destination or does it HAVE to be a vCenter Standard?
Thanks in advance,
Rasmus