Crystals of Ti₂PTe₂ have been synthesised by chemical vapour transport. Ti₂PTe₂ crystallises, isostructural to the mineral tetradymite (Bi₂STe₂), in the space group R3̄m with unit-cell parameters a = 3.6387(2) Å and c = 28.486(2) Å for the hexagonal setting. In the structure, layers of isolated phosphide and telluride anions form an ordered close sphere-packing with titanium cations filling two-thirds of the octahedral voids. From XANES fluorescence, the presence of Ti⁴⁺ is clearly established. In accordance with the ionic formula (Ti⁴⁺)₂(P ^3-)(Te^2-)₂(e^-) metallic conductivity (ρ = 40 μΩ cm at 300 K) and nearly temperature-independent paramagnetism are found. The electronic band structure shows bands of titanium states crossing the Fermi level in directions corresponding to the ab-plane and a band gap along the c-axis.